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The first semester of a two-semester readings course required for all students who have been admitted to the Moral and Political Economy major. The course will provide an intensive introduction to major writings on economic life since the late eighteenth century, with a focus on debates provoked by the rise of capitalism. In the first semester readings will focus on liberal theories of the market economy, from Adam Smith through Milton Friedman; and on dialectical theories of economic development, ranging from Hegel and Marx through Nancy Fraser and Stuart Hall. The class will meet for a group lecture and discussion on Tuesdays, and then in smaller tutorial groups focused on close readings on Thursdays.